Economy

Nissan says no-deal Brexit 'unsustainable'

Nissan says no-deal Brexit 'unsustainable'

The Wearside plant has built 10 million "high quality" vehicles in its history and the Nissan Europe chairman praised its workforce. "There has been many speculations about the current uncertain...

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What's driving Dyson's sudden exit from e-vehicle market?

What's driving Dyson's sudden exit from e-vehicle market?

Possibly because it got caught on the corner of the bed. Members of the development team "have been ingenious in their approach while remaining faithful to our philosophies", Dyson said in the stat...

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Telegram's cryptocurrency kickoff halted by SEC

Telegram's cryptocurrency kickoff halted by SEC

Although the overall goal of the app's ICO was an eye-opening $2 billion, Telegram has scrapped plans to open its offering to the public in order to avoid the murky regulatory waters governing the cry...

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Turkey-backed Syrian rebels seize border town's centre

Turkey-backed Syrian rebels seize border town's centre

Although U.S. troops had no intention of firing on Turkey, a North Atlantic Treaty Organisation ally, the Pentagon noted they had the right to defend themselves. Germany is home to one of the biggest ...

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Moody's cuts growth forecast for India to 5.8%

Moody's cuts growth forecast for India to 5.8%

Rating agency Standard & Poor's has also lowered its India growth forecast to 6.3 per cent from 7.1 per cent. The cut in forecast follows the Central Statistical Organisation (CSO) recent estima...

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Google is funding climate-change deniers

Google is funding climate-change deniers

According to a report in The Guardian , Google contributed heavily to conservative groups like the Competitive Enterprise Institute (CEI) and the American Conservative Union that are in support of r...

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Walmart's US CEO leaves to take top job at Air New Zealand

Walmart's US CEO leaves to take top job at Air New Zealand

He has been CEO of Walmart's US division for the past five years, a period noted for several years of consecutive quarterly sales gains. A close friend of Chief Executive Officer Doug McMillon, Furn...

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Federal Reserve to buy $60 billion treasury bills every month

Federal Reserve to buy $60 billion treasury bills every month

The Federal Reserve is extending its repurchase agreement (repo) operations through at least January of 2020 to ensure reserve supplies are enough to mitigate risk of money market pressures. It also...

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Civil service exam trainers become China's richest education entrepreneurs

Civil service exam trainers become China's richest education entrepreneurs

Ren is worth $3 billion and is in the top 200. Among the most significant movers on this year's list, Colin Huang Zheng, 39, founder of 4-year-old e-commerce upstart Pinduoduo , jumped into the t...

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Toyota’s 2021 RAV4 hybrid gets a plug

Toyota’s 2021 RAV4 hybrid gets a plug

The coverage will include the company's hybrid, plug-in hybrid, and fuel cell electric vehicles. Pricing for the 2020 RAV4 Hybrid starts at $29,220 including the $1,120 destination charge, rising ...

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Pentagon Confirms US Forces in Syria Came Under Turkish Artillery Fire

Pentagon Confirms US Forces in Syria Came Under Turkish Artillery Fire

The battle for Ras al Ain raged as Turkey pursued a four-day-old, cross-border offensive against a Syrian Kurdish militia despite an outcry from the USA and European Union and warnings of poss...

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WeWork's Private School, WeGrow Closing Its Doors in 2020

WeWork's Private School, WeGrow Closing Its Doors in 2020

But that plan unraveled amid questions about its future profitability. WeWork is also in talks with longtime financial backers about new financing. The co-working company will need fresh capital by ...

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Bed Bath & Beyond Rockets on CEO Succession

Bed Bath & Beyond Rockets on CEO Succession

Liquidity can have a profound impact on how violently stock prices can move in either direction, and the reasons have to do with the nature of the market in a stock's shares. (NASDAQ: BBBY ) were rele...

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Rival candidate pays Facebook to spread 'lie' Zuckerberg backs Trump

Rival candidate pays Facebook to spread 'lie' Zuckerberg backs Trump

On Saturday, Warren acknowledged that she had published the ad with false accusations as an experiment. Democratic Presidential candidate Elizabeth Warren launched an odd Facebook political ad, ...

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Donald Trump Announces

Donald Trump Announces "Very Substantial" Partial China Trade Deal

But more progress will have to be made on key differences in later negotiations, including U.S. allegations China forces foreign countries to hand over trade secrets in return for access to the Chin...

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Saudi Aramco hits out at lack of resolve over attacks

Saudi Aramco hits out at lack of resolve over attacks

Aramco, the world's largest oil company, had its A+ rating, which it received in April after announcing its inaugural public bond issue, slashed to A. Saudi Aramco's oil processing facilities at Abqai...

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Fed split on rate cut

Fed split on rate cut

Several noted that models gauging recession probabilities had "increased notably in recent months". "Participants agreed that consumer spending was increasing at a strong pace", they said. "There's ...

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Baldwin Brothers Inc. MA Reduces Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Baldwin Brothers Inc. MA Reduces Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Robeco Institutional Asset Management Bv has invested 1.51% in Apple Inc . The stock decreased 1.27% or $0.02 during the last trading session, reaching $1.56. The stock increased 1.35% or $3.06 dur...

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Beer in a paper bottle? Brewer Carlsberg thinks it can work

Beer in a paper bottle? Brewer Carlsberg thinks it can work

Carlsberg Group has made progress on their journey to create the world's first paper beer bottle made completely from sustainably sourced wood fibres that are 100% bio-based and fully recyclable. T...

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Tesla rushes to keep California blackout from busting batteries

Tesla rushes to keep California blackout from busting batteries

Tesla owners tweeted photos of the notice on the touch screens of their EVs, advising them to fully charge their batteries while they still could. Goal is 24/7 clean power with no blackouts, ' Mus...

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Industrial output declines by 1.1% in August

Industrial output declines by 1.1% in August

India's factory output contracted 1.1% in August as against a growth of 4.2% reported a month ago, thus signaling a deepening economic downturn. Contraction in manufacturing activity decelerated Ind...

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EBay and Stripe leave Facebook led digital currency Libra

EBay and Stripe leave Facebook led digital currency Libra

Now, reports from The Verge , Financial Times and Bloomberg reveal that Visa, Mastercard, eBay, and Stripe are also leaving the group. Stripe made a similar comment, telling the FT that it is "...

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Renault ousts CEO Bollore in abrupt shake-up

Renault ousts CEO Bollore in abrupt shake-up

French newspaper Le Figaro reported that the move is supported by both chairman Jean-Dominique Senard and the French government, the latter being a major Renault shareholder. The triumvirate has ech...

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Porsche and Boeing join forces to build electric flying taxi

Porsche and Boeing join forces to build electric flying taxi

If the idea becomes fully realized one day, this could mean a Porsche-badged personal flying machine. Porsche and Boeing are now working on a concept for a flying taxi. You might be wondering why ...

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Chicken products sold at N.J. supermarkets recalled over listeria fears

Chicken products sold at N.J. supermarkets recalled over listeria fears

Tip Top Poultry of Rockmart, Georgia produced the items between January 21 and September 24, according to the federal Food Safety and Inspection Service. According to USDA, listeriosis can cause fev...

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UAW members say no clear commitment shown by GM towards job security

UAW members say no clear commitment shown by GM towards job security

Apart from costing GM more than $1 billion, the work stoppage has forced it to idle United States operations along with almost 10,000 workers in Canada and Mexico. General Motors Chief Executive ...

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BoE puts in place engagement rules for Facebook’s Libra

BoE puts in place engagement rules for Facebook’s Libra

According to Reuters, providers of digital payments are required to meet before allowing the rules to be used in Britain. On Tuesday, Valdis Dombrovskis, the executive vice president-designate of th...

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Brexit: EU gives go-ahead for 'more intense' talks

Brexit: EU gives go-ahead for 'more intense' talks

He added: "Brexit is like climbing a mountain". The pound has climbed against the pound since Thursday's meeting between Irish prime minister Leo Varadkar and Boris Johnson. "But there is many a sli...

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Nirmala Sitharaman faces wrath of angry PMC depositors

Nirmala Sitharaman faces wrath of angry PMC depositors

She added she had assured them that she will have a fresh word with the RBI Governor to try to expedite the lifting of withdrawal restrictions of ₹25,000 now applicable on customers. "It'll also have ...

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Ireland sets aside 1.2 billion euro for no deal Brexit package

Ireland sets aside 1.2 billion euro for no deal Brexit package

The first part of the funding will be allocated next year across a number of departments and agencies to increase the level of staffing, upgrade infrastructure at Irish ports and airports and invest i...

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Court: Deutsche Bank Does Not Have Donald Trump's Tax Returns

Court: Deutsche Bank Does Not Have Donald Trump's Tax Returns

The identities of the Trump family members whose tax returns are held by Deutsche Bank AG will remain secret after news organizations lost a bid to unseal a federal court filing from the company detai...

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Stocks close higher after Trump stokes hopes for a trade deal

Stocks close higher after Trump stokes hopes for a trade deal

After the bell, the S&P e-minis jumped and were last up about 1%, as US President Donald Trump said the talks with China went "very well today". It remains to be seen what deals - or lack of them ...

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Social Security checks see modest increase next year

Social Security checks see modest increase next year

Checks got a 2.8% bump in 2019, and a 2% bump in 2018. The average beneficiaries' check will increase 1.6 percent, the Social Security Administration said on Thursday. The increase, therefore, is ...

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China ministerial trade talks to start

China ministerial trade talks to start

The sources said that this agreement could then pave the way for talks over intellectual property and other issues . Notwithstanding the SCMP report, by all indications the talks are set to continu...

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Apple pulls Hong Kong app used by protesters after China warning

Apple pulls Hong Kong app used by protesters after China warning

Apple rejected the crowdsourcing app, HKmap.live, earlier this month but then reversed course last week. The tech firm said in their statement that they immediately began an investigation after "man...

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